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NJ A3121

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Lisa Swain

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Sellers, their real estate agents, or attorneys must notify buyers of any rent control or rent leveling ordinances in the municipality that may affect residential property being purchased
  • The required notice must state: "Buyers are advised to consult local municipal ordinances and regulations regarding rent control or rent leveling that may affect the property"
  • Notice must be included in the property condition disclosure statement and delivered in hard copy via return receipt or electronically, with buyer acknowledgment required
  • The New Jersey Real Estate Commission will determine the specific format and placement of the notice on disclosure statements
  • Takes effect immediately upon enactment

Legislative Description

Requires notification of rent leveling controls at time of closing of real estate transaction.

Consumer Affairs

Last Action

Introduced, Referred to Assembly Consumer Affairs Committee

1/13/2026

Committee Referrals

Consumer Affairs1/13/2026

Full Bill Text

No bill text available